Fundamentals of Economics<\/p>
Multiple choice<\/p>
6. Loopholes are ways individuals and corporations (best answer) <\/p>
a. contribute to the funding and stability of government because corporations are people my friend* <\/p>
b. find a way to pay their fair share <\/p>
c. practice tax evasion <\/p>
d. practice tax avoidance * see page 250, first paragraph <\/p>
<\/p>
7. When altering the incentives so that people take account of negative effects of their actions, we are <\/p>
a. shifting more incidence on the producer <\/p>
b. closing loopholes <\/p>
c. internalizing the externality <\/p>
d. social engineering<\/p>
<\/p>
<\/p>
8. The proposition that private parties can bargain without cost over the allocation of resources and solve problems on their own <\/p>
a. Blue Sky Laws <\/p>
b. Coase theorem <\/p>
c. Efficient Market Hypothesis <\/p>
d. Unio Mystica <\/p>
<\/p>
9. Cable TV is an example of a good that is <\/p>
a. is excludable but not rival in consumption <\/p>
b. both excludable and rival in consumption <\/p>
c. not excludable and but rival in consumption <\/p>
d. not excludable and not rival in consumption <\/p>
<\/p>
10. Economic reports released during the first week of the month in The United States <\/p>
a. reflect employment data <\/p>
b. reflect inflation data <\/p>
c. reflect consumer confidence data <\/p>
d. reflect production data<\/p>", "transcribed_text": "", "related_book": { "title": "Financial Accounting in an Economic Context", "isbn": "9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292", "edition": "8th Edition", "authors": "Jamie Pratt", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/61.jpg", "uri": "\/textbooks\/financial-accounting-in-an-economic-context-8th-edition-61", "see_more_uri": "" }, "free_related_book": { "isbn": "1584876662", "uri": "\/textbooks\/confidence-building-in-cyberspace-a-comparison-of-territorial-and-weapons-based-regimes-1st-edition-978-1584876663-218914", "name": "Confidence Building In Cyberspace A Comparison Of Territorial And Weapons Based Regimes", "edition": "1st Edition" }, "question_posted": "2024-06-21 07:08:27", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/plot-how-the-saturation-temperature-of-water-increases-with-pressure", "description": "Plot how the saturation temperature of water increases with pressure. 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